Word: recessional
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Happiness is a sappy word and a flimsy concept - more fleeting than contentment, several octaves lower than joy. But happiness is what pollsters test and economists track, however clumsily, so we're stuck with it as the medium for measuring our mood. Not surprisingly, that mood has bounced around over...
But the Great Recession has also exposed our magical thinking about what constitutes a middle-class lifestyle. Flash back a generation to the house with the white picket fence. It had a black-and-white TV with an antenna, a car in the garage, a chicken in every pot and...
But history shows that excellent returns are available to stockholders who survive such rough patches. In fact, following the 13 10-year periods of negative returns stocks have suffered since 1871, real returns over the next 10 years have never been negative and have averaged more than 10% per year...
Equities bears maintain that the recent stock rally has already outrun fundamentals and that stocks are no longer cheap. To be sure, based on projected operating earnings for all of 2009, S&P 500 companies are trading at an average price-earnings ratio of nearly 19, higher than the long...
In Lansing, Michigan, this week approximately 30 Michigan State University students and faculty picketed the state capitol to protest budget cuts and tuition hikes at Michigan's public universities. In a state hammered by the recession, in-state and out-of-state students at the University of Michigan saw tuition...